5 investing myths that could send you back to work

RobIsbitts

Author’s note: I’d like to welcome myself to Retirement Weekly. I am honored that Bob Powell and the Retirement Weekly team have asked me to be a regular contributor in the area of retirement investing, something I have devoted much of the last 27 years to.

When you retire, you have either decided you are done working for pay or you will only work for pay on your terms (part-time, all the money goes to charity, etc.). In other words, you have won the game of financial success. But there are ways you can take that victory and turn it into a loss after you have already won. Most of this comes from thinking you fully understand an investment concept or approach and then realize that you don’t…but only after it has done major damage to your portfolio, and by extension, your life.

Today’s retiree can painfully recall some of the most popular cases of this. For instance, who among us doesn’t remember the throngs of investors over-indulging in tech stocks in the late 90s, only to see the Nasdaq fall by 70%? Or how about the mantra of shunning international and emerging market investments after a bad stretch last decade, only to see them come roaring back? And what about those who swore off stock market investing after 2008’s debacle — and just before a historic five-year run up?

There are so many opinions and choices about what is the “right” way to invest in anticipation of and during your retirement years. Much of it is
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